Research On The Construction Of China's Green Finance Index

In recent years,China's economy has entered a rapid growth in the new normal,has entered a crucial period of economic structure transformation,green finance in the economic structure plays an irreplaceable role during the period of transition,involving the green financial research at home and abroad is more of a green financial products such as microscopic study,ignores all green financial products produce synergies between its influence on the development of the green financial market,in order to compare between the provinces of green financial development achievement,building contains a synergistic effect between the influencing factors of green financial development level of the comprehensive evaluation system is an important breakthrough point.The construction of green finance index with regional characteristics is of great reference significance for China to promote the development of green economy through the development of green finance.This paper focuses on the construction of green finance index.Firstly,as most of the existing researches are qualitative cases,there is a lack of systematic research on the development of green finance market at home and abroad.Focusing on the development of green finance,we obtain the elements of green finance index coverage by referring to the existing methods of building green finance product index at home and abroad as well as their advantages and disadvantages by consulting data and combining the views of predecessors.Secondly,we select key indicators such as carbon finance,green investment,green stocks,green bonds,green credit,green insurance and so on based on certain index selection principles to establish the green finance index model,and calculate the green finance index of 31 provinces and cities in China through entropy weight method.From the overall ranking,we can clearly find that there are obvious differences in the degree of green finance development in different provinces.Combining with the difference of green finance index,which macro and micro factors affect the development of green finance in a region? We conducted an empirical study of the principal component analysis between the green finance index and some macroeconomic indicators,and found that the proportion of the tertiary industry,energy consumption per ten thousand yuan of GDP,urbanization and other factors had a greater impact on the development of green finance.The article analyzes t he several in green finance development and significantly more backward province,found that the top design,the local government in green finance policy support,market main body in the province of the green environmental protection consciousness is the important microcosmic factors affecting the development of green finance,as well as the local government in the development of green finance some typical measures.Finally,we combine the above to find out some problems faced by China in the development of green finance and give specific feasible path and policy Suggestions.In this way,a feasible theoretical path based on the financial industry can be provided for local governments to promote the development of green finance in China.